CEDAR RAPIDS, Iowa (AP) — The chief executive of an Iowa-based brokerage firm admitted in a suicide note that he carried out an elaborate fraud scheme in which he embezzled more than $100 million from customers over nearly two decades, federal investigators said Friday.
FBI agents arrested Peregrine Financial Group Inc. Russell Wasendorf Sr. on Friday and he appeared in federal court later in the day on charges that accuse him of falsifying bank records.
WASHINGTON (AP) — District of Columbia Mayor Vincent Gray was elected in 2010 with the aid of $650,000 in illicit funds from a city businessman, a Gray campaign consultant acknowledged in federal court Tuesday.
Eugenia "Jeanne" Clarke Harris's guilty plea confirmed that off-the-books payments were being used to pay for consultants, supplies and other expenses supporting Gray. The expenditures were never reported, and prosecutors described the effort as a "shadow campaign."
The Occupational Safety and Health Administration is ordering railroad operator Norfolk Southern to pay more than $800,000 for firing three workers after they reported injuries on the job, The Associated Press reports.
Japan's Supreme Court has ruled in favor of a whistleblower for the first time in a case that highlights the harsh treatment outspoken employees have endured in a nation that zealously values loyalty and conformity, The Associated Press reports.